EULAV Asset Management Reduces Stock Position in S&P Global Inc. $SPGI

EULAV Asset Management decreased its position in S&P Global Inc. (NYSE:SPGI) by 16.1% in the 4th quarter, HoldingsChannel reports. The firm owned 57,192 shares of the business services provider’s stock after selling 11,000 shares during the period. EULAV Asset Management’s holdings in S&P Global were worth $29,888,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in S&P Global by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after purchasing an additional 117,728 shares during the last quarter. Wellington Management Group LLP raised its stake in S&P Global by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after purchasing an additional 274,285 shares during the last quarter. Norges Bank acquired a new position in S&P Global in the 4th quarter valued at about $2,398,991,000. Legal & General Group Plc raised its stake in S&P Global by 3.2% in the 3rd quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock valued at $1,072,160,000 after purchasing an additional 67,868 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in S&P Global by 0.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,970,788 shares of the business services provider’s stock valued at $1,010,344,000 after purchasing an additional 5,706 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SPGI shares. Jefferies Financial Group boosted their target price on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Mizuho boosted their target price on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Barclays reissued an “overweight” rating and issued a $565.00 target price on shares of S&P Global in a research note on Monday, February 23rd. Royal Bank Of Canada lowered their price target on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $546.39.

Insider Activity

In other news, CEO Martina Cheung acquired 2,322 shares of S&P Global stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average cost of $429.93 per share, with a total value of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Catherine R. Clay acquired 2,500 shares of S&P Global stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer directly owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 5,974 shares of company stock valued at $2,576,775 in the last three months. Corporate insiders own 0.03% of the company’s stock.

S&P Global Price Performance

SPGI opened at $425.16 on Friday. The company’s 50 day simple moving average is $424.53 and its 200 day simple moving average is $461.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The stock has a market capitalization of $125.85 billion, a PE ratio of 26.91, a P/E/G ratio of 1.79 and a beta of 1.08.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company earned $4.37 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 29th. S&P Global’s payout ratio is currently 24.56%.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.